Canada will seem "weak" unless they raise tariffs in lockstep with US. So higher prices, forever.
Автор: Inside China Business
Загружено: 2024-06-22
Просмотров: 36456
Описание:
Canada is in an awkward position, after Joe Biden hiked tariffs on Chinese manufacturers in over a dozen industry segments. Biden is in a tough election-year fight, and he quadrupled tariffs on Chinese electric vehicles to 100 percent.
Trade associations, labor groups, and even the premier of Ontario is insisting that Canada follow the US lead and place similarly high tariffs in place, warning that the US will consider Canada a "weak partner" who is "not aligned" with Washington's objectives.
North America has become a protectionist consumer market, characterized by very high prices, lower quality, and less consumer choice. And whoever wins the election in November, this situation will intensify as the election winners will point to the promise of higher tariffs as keys to their wins.
Resources and links:
Why U.S. tariffs on Chinese EVs could be a ‘tightrope’ walk for Canada
https://globalnews.ca/news/10527343/e...
China’s EVs are way cheaper. So why aren’t they sold in Canada?
https://www.theglobeandmail.com/drive...
If Canada follows U.S. lead on Chinese EV tariffs, impact could be huge
https://www.bnnbloomberg.ca/if-canada...
Joe Biden’s new China tariffs puts Canada in a bind on electric vehicles
https://www.theglobeandmail.com/busin...
Bloomberg, Auto, Steel Groups Urge Canada to Match US Tariffs on China
https://www.bloomberg.com/news/articl...
Trudeau must match US tariffs on Chinese imports, Ontario premier says
https://www.ajot.com/news/trudeau-mus...
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